AppFolio, Inc. $APPF Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in AppFolio, Inc. (NASDAQ:APPF) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,337 shares of the software maker’s stock after selling 156 shares during the period. Blair William & Co. IL’s holdings in AppFolio were worth $12,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Woodline Partners LP raised its position in shares of AppFolio by 2.9% in the first quarter. Woodline Partners LP now owns 1,754 shares of the software maker’s stock valued at $386,000 after buying an additional 50 shares during the last quarter. Fifth Third Bancorp raised its position in shares of AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock valued at $39,000 after buying an additional 62 shares during the last quarter. Somerset Trust Co raised its position in shares of AppFolio by 6.7% in the second quarter. Somerset Trust Co now owns 1,105 shares of the software maker’s stock valued at $254,000 after buying an additional 69 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AppFolio by 23.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 384 shares of the software maker’s stock valued at $84,000 after buying an additional 73 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of AppFolio by 3.3% in the first quarter. Deutsche Bank AG now owns 2,362 shares of the software maker’s stock valued at $519,000 after buying an additional 75 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Price Performance

Shares of APPF opened at $224.87 on Friday. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $326.04. The stock has a market cap of $8.06 billion, a PE ratio of 40.59 and a beta of 0.83. The firm has a 50-day simple moving average of $273.81 and a two-hundred day simple moving average of $242.94.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The business had revenue of $235.58 million during the quarter, compared to analysts’ expectations of $230.10 million. During the same period last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. AppFolio has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at AppFolio

In other AppFolio news, CFO Timothy Mathias Eaton sold 667 shares of AppFolio stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $276.58, for a total transaction of $184,478.86. Following the completion of the sale, the chief financial officer directly owned 11,142 shares in the company, valued at $3,081,654.36. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew S. Mazza sold 1,636 shares of AppFolio stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $276.98, for a total transaction of $453,139.28. Following the sale, the insider owned 25,015 shares of the company’s stock, valued at approximately $6,928,654.70. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,803 shares of company stock valued at $16,938,949. 4.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on APPF shares. Weiss Ratings restated a “buy (b-)” rating on shares of AppFolio in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $350.00 target price on shares of AppFolio in a research note on Friday, August 1st. Keefe, Bruyette & Woods lifted their target price on shares of AppFolio from $295.00 to $311.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 3rd. Finally, Piper Sandler raised shares of AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $240.00 to $350.00 in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $311.80.

About AppFolio

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.